Nokia Shares Increase After Patent Licensing Deal with Huawei

By Mei Manuel, December 23, 2017 03:12 AM


On Thursday, mobile phone handset maker Nokia announced that it has signed a multi-year smartphone patent license deal with China's Huawei as part of their list of agreements.

Full details of the financial part of the agreement were not revealed, but Nokia said they would be starting getting revenue, including a one-off catch-up payment starting from the fourth quarter of the year.

Nokia has also struck licensing deals with other phone makers, including Apple, Xiaomi, LG and Samsung. These deals provides Nokia huge amounts of profit aside from getting 90% of its revenue from telecom network equipment.

It is expected that the Nokia deal would enable the company to keep up with the competitive market.

Today, Nokia is well-known for its technology patents which they started when they were the top company in the mobile handset industry. Some of its patents include technology that reduces hardware components for phones, how to save up on battery life and others.

Related Article

Must Read

comments powered by Disqus

More from CCD

2018 International Symposium on Religion and Rule of Law Held in Beijing

On July 13, 2018, the 2018 international symposium on "religion and the rule of law" was held in Beijing, focusing on church-state relations, religious legislation, religious property, and religious legal person.

How the Trade War Affects China?

Learn how the trade war with the US is causing problems in China.

How to De-Stress When You Are at the Office

Do not let your work ruin your day!

Memorial Service of Former-Triad-Boss-Turned-Preacher Teddy Hung Held in Hong Kong

Teddy Hung or Hung Hon-yee, a former gang leader of 14K Triad, died on Hong Kong at the age of 70.

China Sends Spy Ship to Monitor US-led Rimpac War Games

Last week's Rimpac War Games in Hawaii gains China's attention.

US Tries to Challenge China, EU, Canada, Mexico and Turkey Over Tariffs

Global trade continues to shake due to American action.

Former Chilean Church Official Arrested in Church Abuse Scandal

The first action against church abuse perpetrators in Chile was reported last week.

China and Europe to Continue Paris Climate Agreement, Vows to Strengthen Cooperation

Despite American withdrawal, the Paris Climate Agreement is still supported by several large nations.

Xinhua: China to Negotiate for Cheaper Cancer Drugs

Cancer drugs may become affordable in China in the near future.

Chinese Auto Groups To Create Ride-Sharing Platform

Another local ride-sharing platform will be introduced in China.